Krogerus advised HKScan Corporation on a public offering of new series A shares. In the fully marketed offering, total gross proceeds raised from institutional and retail investors amounted to approximately EUR 71.9 million. The new shares were paid for in cash, but also by setting off outstanding senior unsecured notes and hybrid notes previously issued by HKScan.
Trading in the new shares commenced on the official list of Nasdaq Helsinki on 26 June 2019.
HKScan is a Nordic meat and meals company whose shares are listed on the official list of Nasdaq Helsinki. In 2018, HKScan had net sales of EUR 1.7 billion.
The Krogerus team was led by partners Tom Fagernäs and Juha Wessman. They were mainly assisted by senior associates Taru Kovanen and Paul Raade and associates Jenni Teurokoski and Samuli Torpisto.